opportunities to take risk and get a return, the economy is bad enough now. let's, you know, see how it does after that mindset takes over. >> thank you, david. thank you, mr. commissioner, for coming today. um, you've -- thanks for your remarks. obviously, this is a global economy and financial services especially, um, it's important to look at it from a global perspective. and it was very useful, i think, for you to remind us of the comments that europeans, especially the japanese had on the volcker rule. but with respect to money markets, mutual funds, there's talk of european action here in the near future. so i was wondering if you have any advice to our friends across the ocean as far as action or what not with respect to what the sec might be thinking of doing? >> well, thank you, many commissioner, for your question -- mr. commissioner, for your question. i, yeah.